who thinks a major recession is coming? Housing / rent costs is up, wages are stagnant and low

[delta]

if your under 25 and your parents dont own property, you're basically food out here...

People out here spending 35% of their check on RENT

it's like every damn city / metro area in the world is experiencing the same thing right now....

Every Single U.S. County Has an Affordable Housing Crisis

Home ownership in England at lowest level in 30 years as housing crisis grows

'Eye-watering prices': Australia's housing affordability crisis laid bare


people are already waking up to student loans... pretty soon people gonna graduate college, see only $40k jobs with $1300 rent and just opt out. or see a house that was worth $75k be worth $300k and be like when the bank ask for a 20% down payment





in the meantime im stackin my paper, waitin in the cut for the recession ... good luck to yall

 

[sayyestothis]

Wages and jobs are up...not down?

Steady property values increasing are a good thing.

Inflationary periods mean the economy is doing well.

I think you should educate yourself on the actual data and not get caught up in headlines and ppls baised opinion breh...

 

[D-NICE]

The last one was bad but recessions on average happen about every 9-10 years. We are due for one.

Looking at home prices, Im almost scared to move or buy another one. I bought one about 6 months before the last recession and the housing market crash and I ain't trying to be stuck again. I can just see it not being sustainable with how its going and the bubble bursting again. I'm seeing regular houses here in downtown Nashville on some Cali prices and Im wondering who is buying and can afford that here. If they could, why move there to a regular house or condo when they could probably own a mansion at that price 10 miles down the road.

 

[sayyestothis]

The last one was bad but recessions on average happen about every 9-10 years. We are due for one.

Looking at home prices, Im almost scared to move or buy another one. I bought one about 6 months before the last recession and the housing market crash and I ain't trying to be stuck again. I can just see it not being sustainable with how its going and the bubble bursting again. I'm seeing regular houses here in downtown Nashville on some Cali prices and Im wondering who is buying and can afford that here. If they could, why move there to a regular house or condo when they could probably own a mansion at that price 10 miles down the road.

Breh Nashville has a ton of huge insurance and financial companies based there. Prices in downtown are going up bc ppl that are making decent cash are younger demographically and want citylife.

Those houses 10miles out tho are going to be increasing in value and getting scooped up quick from these young professionals that will start to have kids and want a larger area. Risk is relocation for these ppl but smart money would buy 10 miles out and sit on it for 10 or so yrs.

 

[-DMP-]

they say every 7 years the market "corrects" itself.

Im not going to say I hope it happens, but, if it does, I aint sleeping

 

[newworldafro]

Breh Nashville has a ton of huge insurance and financial companies based there. Prices in downtown are going up bc ppl that are making decent cash are younger demographically and want citylife.

Those houses 10miles out tho are going to be increasing in value and getting scooped up quick from these young professionals that will start to have kids and want a larger area. Risk is relocation for these ppl but smart money would buy 10 miles out and sit on it for 10 or so yrs.

SkyscraperCity

 

[MikelArteta]

Try Toronto were screwed

 

[newworldafro]

they say every 7 years the market "corrects" itself.

Im not going to say I hope it happens, but, if it does, I aint sleeping

That 7 years was in 2015, but was halted.........the economy is quite literally on the precipice of a whole new paradigm.....between robitics, OBOR, and crypto currency......the U.S. is gone have to share the spotlight....and that process has the potential to be ugly....

 

[Vandelay]

About 2030

 

[Behind-the-wheel]

Exactly why we bought our home 11 years ago.
We realized that everywhere in our town was asking mortgage money for a shytty apartment.
Took that money and bought a home. Already close to halfway paid off and it's appreciated in value as well.
Meanwhile I see coworkers paying +1000 a month for a room rental in the DMV area.
Waste of money...

 

[cjlaw93]

People out here paying 350k to live in "transitional" neighborhoods.. we gotta blame these fools

 

[hayesc0]

if your under 25 and your parents dont own property, you're basically food out here...

People out here spending 35% of their check on RENT

it's like every damn city / metro area in the world is experiencing the same thing right now....

Every Single U.S. County Has an Affordable Housing Crisis

Home ownership in England at lowest level in 30 years as housing crisis grows

'Eye-watering prices': Australia's housing affordability crisis laid bare


people are already waking up to student loans... pretty soon people gonna graduate college, see only $40k jobs with $1300 rent and just opt out. or see a house that was worth $75k be worth $300k and be like when the bank ask for a 20% down payment





in the meantime im stackin my paper, waitin in the cut for the recession ... good luck to yall

Yeah republicans deregulate shyt when they get power a bubble will be created and the comes recession so you know how that go.

 

[Behind-the-wheel]

Yeah republicans deregulate shyt when they get power a bubble will be created and the comes recession so you know how that go.

So, within 2 terms from now....recession.
I've got at least 4-6 years to continue preparing.

 

[SemiEnlightenedBum]

the next one won't be a recession bruh,it will be a full blown economic collapse as paper&material money is phased out until tis obsolete..

and count on it coming sooner rather then later..

 

[fdsfa]

if it happens what are the chances of housing prices going down?